Banco do Brasil targeted by police in debt-collection scam

Central Bank of Brazil headquarters building in Brasília. Picture: 123RF/DIEGO GRANDI

The investigation targeted employees of Banco do Brasil and businessmen linked to firms set up to collect debt in arrears on behalf of the bank, according to a statement describing the actions carried out by civil police in Brasília.Banco do Brasil said in a statement to Reuters that it detected evidence of possible fraud through internal controls. The bank informed the police and it has been co-operating with the investigation.

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